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Good morning Artitech. Let me say that I want this to happen. It seems like that we have been at this level of excitement and have seen these positive articles before only to be told later that there is still more to be done. Maybe I'm just being overly cautious. Maybe we are close to the finish line and it's hard to believe (in a good way). I read some of these articles and just see that the information is just talking about meetings taking place resolving differences between two parties that have had issues. Maybe it's part of getting ducks in a row or maybe it has nothing to do with an RV. I hear ports will be open for business so that means the RV has to happen. But there are no articles saying that, just opinions. I may have missed some information as I can't read all the articles and sometimes don't understand everything I read. So that's why I feel the way I feel.

No worries though. One way or another I think this ride will be ending soon whether we make money, beak even or lose money. It's iraq. Time will tell. Have a good day.

thank you , I Do see your point this is Iraq if any thing can go wrong it will! Go RV!

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I like Adam's thoughts and opinions. But what contacts does he have that make his information more valid? Not meant as an insult. Really just want to know if he has contacts. Not needing names or positions. I'll take his word

Everyone else seems to have contacts and they all have been incorrect. Adam seems like an honest and smart individual.

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I like Adam's thoughts and opinions. But what contacts does he have that make his information more valid? Not meant as an insult. Really just want to know if he has contacts. Not needing names or positions. I'll take his word

Everyone else seems to have contacts and they all have been incorrect. Adam seems like an honest and smart individual.

You just said it. "They all have been incorrect" That's because they tout their connections, then state "It's done!" And of course they are wrong.

Adam says he has certain contacts and has never said "It's done!" Therefore, thus far, he has been 100% CORRECT. He has always stated, HCL triggers the RV. He is still 100% right because the HCL has never been announced as being complete. 2/3rds of it has, but not fully.

When we hear the HCL is complete, then we will see how good his contacts and opinion are. I'm hoping he will still be batting a thousand.

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You just said it. "They all have been incorrect" That's because they tout their connections, then state "It's done!" And of course they are wrong.

Adam says he has certain contacts and has never said "It's done!" Therefore, thus far, he has been 100% CORRECT. He has always stated, HCL triggers the RV. He is still 100% right because the HCL has never been announced as being complete. 2/3rds of it has, but not fully.

When we hear the HCL is complete, then we will see how good his contacts and opinion are. I'm hoping he will still be batting a thousand.

He has earned my trust without a doubt.

Great points Keylime! Last fall I asked myself what needed to be done to get us over the finish line?

I was driving and just as I thought about this question, I saw on the roof of a building the letters HCL. Then I looked to the right and saw a billboard ad for a lottery with bags of money on it! Talk about signs!

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Great points Keylime! Last fall I asked myself what needed to be done to get us over the finish line?

I was driving and just as I thought about this question, I saw on the roof of a building the letters HCL. Then I looked to the right and saw a billboard ad for a lottery with bags of money on it! Talk about signs!

Now those are great signs! Thank you for sharing that!

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@keylime You are correct that no predictions have been made by Adam. That's why I believe what he says and his insights. I'm hoping his contacts are somewhat reliable with the info. I'll say it again, it's probably just me being anxious. All good. I'll be awaiting Adams text.. SOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON! Haha

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Great points Keylime! Last fall I asked myself what needed to be done to get us over the finish line?

I was driving and just as I thought about this question, I saw on the roof of a building the letters HCL. Then I looked to the right and saw a billboard ad for a lottery with bags of money on it! Talk about signs!

The Ministry of Oil, the amount of production of the Kurdistan region of crude oil.
"I am very optimistic that the Kurdistan Regional Government (KRG) will abide by the agreement, which will receive more than 250,000 barrels per day (bpd) to the federal government," Oil Minister Thamer Ghadhban told a news conference in Basra on his first visit to the province.
"I am very optimistic about the commitment of the region to deliver 250 thousand barrels per day according to the law of the budget of 2019," adding that "held a constructive meeting with the President of the Kurdistan Regional Government, Nechirvan Barzani," in his recent visit to Baghdad last week.
He pointed out that "the region currently produces 420 thousand barrels per day, and will reach 550 thousand barrels by the end of the year."
"There are still differences over the sharing of profits between the government, Exxon Mobil and PetroChina on the integrated South Project," Ghadhban said.
"He believes that profits that exceed the agreed price should go to Iraq and not to foreign companies."

(Baghdad: Al-Furat News) The Ministry of Oil, the amount of production of the Kurdistan region of crude oil.

"I am very optimistic that the Kurdistan Regional Government (KRG) will abide by the agreement, which will receive more than 250,000 barrels per day (bpd) to the federal government," Oil Minister Thamer Ghadhban told a news conference in Basra on his first visit to the province."I am very optimistic about the commitment of the region to deliver 250 thousand barrels per day according to the law of the budget of 2019," adding that "held a constructive meeting with the President of the Kurdistan Regional Government, Nechirvan Barzani," in his recent visit to Baghdad last week.He pointed out that "the region currently produces 420 thousand barrels per day, and will reach 550 thousand barrels by the end of the year.""There are still differences over the sharing of profits between the government, Exxon Mobil and PetroChina on the integrated South Project," Ghadhban said.Ghadhban said that "

Oil reveals the amount of Kurdistan's production of crude oil

The Ministry of Oil revealed on Tuesday, February 12, 2019, the amount of production of the Kurdistan region of crude oil.

"I am very optimistic that the Kurdistan Regional Government (KRG) will abide by the agreement, which will receive more than 250,000 barrels per day (bpd) to the federal government," Oil Minister Thamer Ghadhban told a news conference in Basra on his first visit to the province.

"I am very optimistic about the commitment of the region to deliver 250 thousand barrels per day according to the law of the budget of 2019," adding that "held a constructive meeting with the President of the Kurdistan Regional Government, Nechirvan Barzani," in his recent visit to Baghdad last week.

He pointed out that "the region currently produces 420 thousand barrels per day, and will reach 550 thousand barrels by the end of the year."

"There are still differences over the sharing of profits between the government, Exxon Mobil and PetroChina on the integrated South Project," Ghadhban said.

"He believes that profits that exceed the agreed price should go to Iraq and not to foreign companies

ERBIL, Kurdistan Region — Iraq's oil exports are promising so far in February and Oil Minister Thamir Ghadhban predicts that the Kurdistan Region will adhere to its delivery agreement.

Iraq has averaged oil exports of 3.63 million bpd so far in February, Reuters reported on Monday. Baghdad reported 3.65 million bpd in January, according to the ministry's figures.

Reuters cited better production in Kirkuk. Baghdad and Erbil reached an agreement in November to export oil through Kurdistan's pipeline that terminates at the Turkish port of Ceyhan.

"I am very optimistic that the Region will adhere to delivering 250,000 barrels per day in accordance with the 2019 state budget," Ghadhban told Reuters.

The Iraqi oil ministry reported Kirkuk averaged about 100,000 bpd in January. It is capable of upwards of 300,000 bpd with current infrastructure.

He described a recent meeting with KRG Prime Minister Nechirvan Barzani as positive.

The Kurdistan Region produces 420,000 bpd, according to Reuters. The oil and gas sectors are privatized in Kurdistan, but state-owned elsewhere in Iraq.

Ghadhban expects the Kurdistan Region to output 550,000 bpd by the end of the year. The semi-autonomous region is recovering from several economic crises and is heavily dependent on its energy sector for revenue.

Analysts at the recent World Economic Forum said they expect oil prices to more than likely be closer to the $80-$100 bpd range, rather than $40-$60.

When prices fell globally in 2014, it negatively impacted the Kurdistan Region in particular as it exports oil independent of Baghdad and is not beholden to OPEC.

The General Manager of Basra Oil Company Ihsan Abdul Jabbar told Reuters he expects the monthly average to be 3.55 million bpd.

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Look guys, I don't mean to be negative but the reality is no one knows or have contacts. I have been involved since 2007 and these "Gurus" have been posting the same predictions and the Dinar is still at the current exchange rate. When the auctions stop then I will be more interested. Until then it is the same ole B.S.....some Iraqi politicians are iran's lil B%^&h because they continue to allow Iraq's Economy and Central Bank to be sabotaged. They are crooks hiding behind the cloak of religion claiming they have the best of the Iraq people in mind which is a lie. At least Sadaam went to war to keep Iraq from being compromised by iran. I have more respect for him than some of these clowns. When I read sh%t like this below it makes me ashamed to hold IQD. Until the auctions stop it is a mute point. I hope I am wrong!!!

The sale of the currency in Iraq The destruction of the economy of Iraq and the revival of the economy of Iran

The sale of the currency in Iraq The destruction of the economy of Iraq and the revival of the economy of Iran

2-12-2019

Investor Shatha Khalil

The sale of foreign currency – a dollar law ordered by the civil governor Paul Bremer in 2004, the only auction in the Middle East,
one of the biggest challenges facing the Iraqi state, distorting the policy and destroying the economy, the auction continued to work until It has now been exploited by influential figures and officials in the political process associated with Iran to smuggle money into Iraq and launder and circulate funds for the Iranian economy in financing terrorism and confronting US sanctions and their own interests.
Many economists have differed about identifying the problem as a major, a new form of economic corruption associated with money laundering in Iraq, which has become a means of smuggling money from Iraq.
In the center of the links where she noted the text “According to the investigation committees of the Iraqi Council of Representatives and international reports have been the waste and looted $ 312 billion dollars over the past years, the proceeds of oil pumped by the Central Bank of Iraq to the markets, and most of them were turned abroad. This is a number that is very large in a country suffering a suffocating economic crisis, the situation in the state of “wealth” borrowed from the IMF to cover its expenses!

Dr. Nabih Nadeem Al-Obaidi summarized the working paper presented at the first conference of the Iraqi-American National Friendship Association on 5 January 2019, the seriousness of the currency auction in the destruction of the Iraqi economy and the extent of Iran’s benefit from it:

The auction of the currency contributes to the money laundering and recycling process in favor of Iran. He mentioned some analytical financial indicators that explain the systematic destructive role of this auction:
• The Central Bank of the US dollar sales for the period (1/10/20041 / 10/2016) amounted to (408.875) Billion dollars to cover the needs of imports, while the real value of imports for the same period (61.3) billion dollars, while the value of the remaining difference of the amount (347.5) billion dollars is missing until the moment .. The question of where he went?
• In 2010, the Central Bank’s auction sales amounted to $ 36.2 billion. The report of the Financial Supervision Bureau submitted to the Secretariat of the Council of Ministers indicated that the number of meetings held by the Central Bank for Auction recorded in the Central Report (242) The sales of the auction for the period of (212) only, proving that there are (30) sales of the dollar is missing the statements and amounts and the parties to which the dollar was sold to .. What does that mean? Where did the money go?
• A “model” for measuring the auction on 6/11/2018 with a total value of sales (125,725,602) dollars for a total of (30) banks and financial institutions, and by adopting this figure as a default rate for 2017 to reach (45.252) billion dollars per year, Trade exchange with Iran (6.7) billion dollars, and the remaining (39.4) billion dollars are missing … Where did you go?
• Actual export capacity of Iraqi oil from the ports of Basra increased from 2.9 million barrels per day for the first quarter of the year to (3.560) million barrels, and then to (4,600) million barrels per day in the last months of the year (2018) (according to the announcement of the Minister of Oil) The export price rate for the period (1/530/10/2018) reached about (70.713) dollars per barrel. Therefore, the value of resources for the year will reach about (101.826) billion dollars.
• The rate of the sale of foreign currency (dollar) per day “amounted to (125 – 182) million dollars during the year (2018) and the minimum value of sales will total for the year (45.252) billion dollars, and thus will constitute the dollar sales of the Central Bank (44.44%) of the oil resources, which also constitute a rate of (261%) of the allocation of the Kurdistan region budget (1 y 7%) of oil resources, is this reasonable?

• This does not constitute a drain on resources and smuggling of funds outside of Iraq and sabotage of the Iraqi economic system.
• The documents issued by the Bureau of Financial Supervision – the Department of Finance and Distribution activity sent to the Secretariat of the Council of Ministers, revealed that there are individuals and specific banks through which the process of selling and buying and smuggling of currency outside Iraq, including:
1. Al Huda Bank
2. Al Tayeb Finance
Company 3. Iraqna For financial financing
4. Al-Mithaj for financial financing
5. There are also financial and commercial companies do not have a fictitious headquarters in Iraq to carry out crimes of money laundering by enabling them to open accounts in several banks.

The question … For the benefit of those who continue this sabotage activity, which is subject to the influence of senior officials in the political process linked to Iran? Iran has banking and financial institutions and covers of individuals and institutions supporting and supporting the financing of the economy and the expansionist expansion and Iranian terrorism.
The role of Iran’s sabotage and economic player in Iraq has become very clear, after the package of the US blockade of Iran, which is supposed to start the blockade of its mechanisms and procedures from Iraq to impose the ring.
Attempts by some “loyal” politicians to stop the currency auction implemented by the Central Bank of Iraq after 180 million dollars a day failed, but their attempts were unsuccessful in their boycott of organized corruption backed by militias and armed parties linked to smuggling networks inside and outside the country. Invoices are not within the jurisdiction of the Bank, but rather within the jurisdiction of the Department of Economic Crime of the Ministry of the Interior.

In the light of this corruption and the looting of public money, it was not unlikely that Iraq would be classified for two consecutive years as the most corrupt countries and its ill effects on the already weak Iraqi entity. These are some of the negative repercussions that have emerged in political, economic, social and cultural life.

• Destruction of the Iraqi economy.
• Deplete the central bank’s reserve of hard currency and gold bullion, which in turn affects local currency exchange.
• The growing phenomenon of money laundering.
• The instability of the economic situation, which directly affects the political situation.
• Exchange rate fluctuation.
• The Iraqi economy is subject to the fluctuations of the local market.
• The Central Bank reserve in 2009 declined to 35%.
• Loss of independence of the Central Bank of Iraq.
• The gap between the official exchange rate and the market price widens.
• Unemployment reached 39% and poverty reached 40%.
• Balance of payments deficit and low production capacity.
• The growth and spread of corruption and theft of public funds and weak social ties.

Economists, including Nabih al-Obeidi, stress the need to stop the currency auction, which weakened and destroyed the Iraqi economy, and limit the investment and smuggling of sales of the dollar auction from the Central Bank of Iraq to Iran to support its economy in the face of US sanctions imposed on it.
Based on the above, the economic expert Nabih al-Obeidi suggested the following treatments:

 Cancellation of the decision of the sale of foreign currency and the instructions issued thereunder, and the appointment of the Office of Financial Supervision as a liquidator to review and check the contents of the auction and settle their accounts by the Office of Financial Supervision in accordance with the general and legal rules in the liquidation of accounts for companies.
 The Central Bank issued a resolution obliging banks and private financial institutions to adopt self-financing in dollars to cover their needs in banking transactions, and to cover bank accounts for documentary credits, remittances, deposits with foreign banks, withdrawals and remittances of companies and individuals and within the limits permitted by the Central Bank.
 Strengthen the control of the Central Bank on private banks and sections of foreign transfers and documentary credits to verify the issuers as accredited companies in the Chambers of Commerce and Industry of their countries, letters of guarantee and exporters banks and certificates of origin and examination of the third party inspection third to verify the authenticity of imports.

 Subjecting the accounts of private banks to the audit and examination of records and documents and financial lists similar to the government sector and ratification of the government and the report to the Central Bank of Iraq an exception to the law of private companies for their connections and financial transactions with banks and foreign financial institutions in order to tighten control and reduce the smuggling of funds to Iran and abroad.
 The central bank should provide private loans to banks in dollars through the bank deposit reserve in dollars, by linking the borrower’s bank with the reserve of the other bank (bank loan to a bank) and by informing the lending bank and settling for its account in the reserve.
 Taking all the observations and reservations received from the Office of Financial Supervision on the Central Bank and respond to them and discuss and take action on them by the Council of Ministers and the legislative authority.

Reasons for Iran’s fear of stopping the auction of currency in Iraq:

 The continuation of the auction contributes to revive the economic situation of Iran at the expense of Iraq by easing the economic embargo imposed by America on Iran and its failure through banks and companies employed for Iran, whether real or fake.

 The issuance of the new currency by the Central Bank under the supervision of the World Bank and against the cash reserve of hard currency – dollar – a basket of currencies, gold cover for the value of the national currency issued and checks and documents documented the size of the currency and its categories and numbers after examination and receipt by a committee in the Central Bank, The currency is not usually numbered by the printing press, but it is done in the central bank and it is done in the printing press, in the presence of representatives of the Central Bank and documentation.
The reserve allocated to the national currency is subject to an assessment of the World Bank’s control and inspection. Thus, what is rumored about the smuggling of part of the new currency into Iran is incorrect; it represents a threat to Iraq by forging the new currency by Iran and pumping it into the Iraqi market through its agents of Islamic party leaders And their militias who, through their real and imaginary companies, will buy the dollar from the dollar sale auction to the CBI.

 The second threat If the auction is stopped, Iran and its influential agents in the political process and the government will flood the Iraqi market with the new counterfeit currency in order to reduce the exchange rate of the Iraqi currency against the dollar as a result of the increased demand for the dollar against the decline in supply on one hand, This is promoted by Iran and inflated for the purpose of preventing the issuance of a decision to stop the auction, and dependence on banks collusive, which will stop financing imports on the pretext of insufficient funding to create economic chaos on the one hand, and pressure on those who are the government complicit with Iran Lack of response to the siege Alomerreqi on Iran, on the other hand.

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Greedydinar, Um, no one has quoted a single guru this entire thread. So......what are you talking about? Unless you feel Adam has no contacts and falls into the guru catagory...Then I suggest you can take it up with him.

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Botzwana...we are all speculating. Did you read the article above...Iraq needs to get their S$%t together..We are tired of "being close" and the world is tired of waiting while Iran is making a fool of Iraq. Have they taken the census? Have they formed the Government? It is the same ole thing with Iraq...I am going to make my prediction....2020!! I hope I am wrong though...! (at least it will give me time to buy more) Once Iraq stop letting Iraq dictate their affairs..then we can move forward!!

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Tje auctions are being exploited amd harming the economoy...it is in the first paragraph...I read about this some time ago and it keeps coming up...I am ready for this ride to be over...I dont think they are gonna RV and continue the auctions if so, enlighten me. Evidently Iran is getting money from the auctions and they breed corpution...An rv would stop the auctions and help the economy until then...it is the same ole Sh=%t....No one said anything about the government not being formed and that was supposed to be done in 90 days....we need reults...not wishes...I hope I am wrong though...

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Botzwana...we are all speculating. Did you read the article above...Iraq needs to get their S$%t together..We are tired of "being close" and the world is tired of waiting while Iran is making a fool of Iraq. Have they taken the census? Have they formed the Government? It is the same ole thing with Iraq...I am going to make my prediction....2020!! I hope I am wrong though...! (at least it will give me time to buy more) Once Iraq stop letting Iraq dictate their affairs..then we can move forward!!

If your prediction is correct and it's going to stretch out to 2020 then I will be long gone from Holding IQD. ..

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Similar Content

I mentioned recently that the "Weekly Updates" may be switching days - I expected
the news to start getting busy, and that is now official! I haven’t picked a specific day yet,
and I may not need to.

The weekly updates won't be necessary once we have an RV, and the stars are lining up very
nicely right now.

Fingers crossed on that one. I’ll explain why below, and you might want to strap in for this one!

First, the budget was submitted, signed, and looks like it will be passed, with a HUGE
keynote - a significantly acceptable portion of the budget going to the Kurds. This has
been a major point of contention between the parties over the years, in fact it’s possibly
the biggest point of disagreement and reason for delays in the budget approval process
in recent history.

You can read the budget as it is written and posted here, but it needs to be published in the
Gazette to be official. This may be happening yet this week, and if it does... that will be insanely
quick.

It's barely the first week of February!!! Last year the Budget was boycotted by the Kurds in March,
and they threatened to secede over the disputes.

THAT is how far we've come in a year!!!

If you’re not already squirming, let me tell you - this is awesome news. A happy GOI is a
GOI that we can get behind, because it’s one that is more likely to RV. And this is possibly
the happiest we’ve ever seen them!

That by itself may have been enough reason for me to send out a special email on most
weeks, but this week - THIS week - we have more.

Maybe MUCH more!

I’m trying to contain my excitement, and I’ve been doing a pretty good job of staying (mostly)
in my seat, but it’s getting more and more difficult.

We may have an HCL agreement shortly!

I’ve been on the verge of releasing this information for over a week, and I’ve only held off
because THIS is the kind of movement we need to see for an RV to happen, and I didn’t
want to release the news without a full confirmation.

As the news keeps coming out, this is going to start getting press in other places, so you
may as well hear it here.

If you’ve been following me for any time now, you know I’ve been on an “HCL-requirement”
kick for a couple years now. No HCL = no RV. I've harped on that for years... and now, after
a long ride, it's not just on the horizon - it's coming at us, lights flashing and horns blaring!

If you have NOT been with me for that long, let me introduce myself!

Hi, I’m Adam Montana. The possibility of a Dinar RV has been in the works for a while
now - over a decade, in fact.

I’ve been following it, and helping tens of thousands of people avoid bad info, for the entire time.

The summary on Iraqi Dinar is simple - back in 2003, the country of Iraq went through some
stuff and their currency plummeted in value. It was once worth over $3 per one Iraqi Dinar,
and now it’s worse than 1000 dinars to $1.

It was even worse, so much worse that those of us who got in early enough have already doubled our money.

But, and this is why most of us are here in the first place, it stands a fighting chance of going
back to it’s former value, or “ReValuing”, upwards to the tune of 100x where it is now or even more.

When that happens, those of us who have the current Iraqi Dinar (not the “old notes” with Saddam
Hussein’s face on them) will be able to exchange at that higher value, winning us an amazing profit.

It’s called a “windfall”, and it’s definitely a real thing.

Here’s where yours truly comes in. Throughout this whole venture, and before most of us ever heard
of the Iraqi Dinar, I’ve been fortunate enough to have contacts in places that matter to get the absolute
best return on the exchange. Because of the loyal group of members here at dinarvets who have committed
to work alongside my partners and I in this, we have formed the STRONGEST and BEST CONNECTED
group of dinar holders in the world… and this gives us EVEN MORE leverage. It's a snowball effect, and
it's a good place to be.

In short, we’re going to put more money in our pocket than the average Joe or Mary that simply goes
to the bank to cash in.

Not only that, but the years of networking and planning for this event have allowed my contacts and
I to put together the absolute best strategies for reducing tax liabilities, minimize risk, and even invest
after the fact to increase our returns.

The best part? There will be no “800 numbers” to call. The VIP group will NEVER part with their dinar as part
of their exchange. And if you decide to pay the measly amount of money it costs to join the VIP group,
you are ABSOLUTELY GUARANTEED to get a return on that expense when we cash in on the RV, or I’ll
refund every penny you spent on VIP.

Your time may be running out. Join VIP here, before it's too late.

Back to the Dinar, for the past couple years I’ve been saying that we need to see progress on the HCL
to see the RV. While other websites and “gurus” are talking about people already cashing in (fake news),
or having “secret intel” on the timing of this event… I’ve been telling people to remain calm.

That’s one of the reasons thousands of VIP members place their trust in my and the programs here,
because I don’t fluff this stuff up just to get people excited.

I do the opposite - if there’s nothing going on, I tell it like it is, no matter who gets mad at me for it.
(It happens! )

Well… the time that we have been waiting on may be over. There is news out right now that is more
encouraging regarding the HCL than ANYthing I have ever seen, and that means we’re almost there.

It means this may be your last chance to get in VIP. Your chance to get in VIP may be over before I
get this email sent out! And if the RV is announced, and you’re not in the VIP group - you’re on your
own. No benefits, no tax benefits, and good luck to you.

Remember, there’s a money back guarantee. You have nothing to lose and a LOT to gain.

See you in there!

GOOOOO RRRRVVVVVV!!!!!!!

- Adam Montana

P.S. In reading the above, I see that I didn't explain why the HCL is important. In a nutshell, it's important
to the Kurds so they get a fair share of oil revenue, and ties in very closely to their concerns on the budget.

Both of those issues are melting away, right in front of our eyes.

With these two things lining up at the same time, we have the most perfect situation to see an RV that I've
ever witnessed.

Luigi found this article of Dinarian interests...
The commentators explain why Iraqis are more concerned about HCL than the rate change.
This should help clear up some of the confusion between the HCL & the RV.
The rate change will benefit those Iraqis out of country the most.
HCL will affect those in country with a pay check every month from oil revenue sales.
The rate change will only change the purchasing power of Iraqis in country.

16/8/2018 KTFA...
God Lover:
Quick question or two. We had read that the citizens will start receiving oil revenue profits (HCL) September 5th. We have also seen many entities being paid, assuming at current rate. With that said, why are some thinking that if the rate does not change prior to Sept. 5th, it would cause anger from the citizens? Just trying to understand how that event is any more significant than previous?
Happy Golfer:
I think I can touch the surface on this one they are a proud country, a rich country Iraq needs this ri for it’s psychological well being, Iraq’s are winners IMO
Harley1:
The citizens aren’t concerned with the rate change as it will not directly affect them. Their concern is with the value of their currency, ie it’s purchasing power which impacts their quality of life.
The income they will derive from the HCL is like a paycheck from the country’s sale of oil, and I suppose you could say that an increase in currency value or purchasing power is like a big fat pay raise.
These are the things they would get upset about if they don’t happen. We hope they happen together and our studies lend credence to that hope.
Will one happen before the other or will they happen together? Who knows. But again, the rate (exchange rate against USD) does not concern the citizens.
Think of it this way….if the USD’s exchange rate against the Euro tripled tomorrow you’d never know it nor would you care. But if inflation in the US rose to 1000% and milk cost you $36 a gallon and bread was $25 a loaf, you’d be upset if the promise to resolve it didn’t come through amidst a corrupt government being ousted and new monetary reforms being put into play.
This is a very simplified version of where Iraq is, IMO of course.
The citizen’s blessing comes from the oil paycheck via the HCL and the increase in value of their currency. OUR blessing comes from the increase in the exchange rate against the USD.
I hope that helps.

Can anyone explain to me why must they pass the HCL law before there can be a revaluation of the dinar? What is the connection? It certainly doesn’t look like the GOI will ever agree on this or even bring it up for a vote. They keep pushing it off to the “next session” year after year... Is it at all possible that we can ever see an RV without the HCL law passing?

New Kirkuk governor will be decided soon: PUK
By Rudaw 23 hours ago
Khalid Shwani’s name has been floated as a possible candidate for the post of Kirkuk governor. File photo: Rudaw
ERBIL, Kurdistan – A new candidate for the post of Kirkuk governor has been floated by the Patriotic Union of Kurdistan (PUK) as the province remains in political limbo and objections were raised about the PUK’s first nominee. The PUK and KDP expect to reach an agreement on the candidate soon.

“The position of Kirkuk’s governor is for the Kurds and it’s the PUK’s share. Among the names discussed, Khalid Shwani is a very suitable candidate because he is from Kirkuk and is familiar with the place,” Salah Dalo, a member of Kurdistan Democratic Party’s (KDP) politburo, told Rudaw on Tuesday.

Political posts in the disputed province are shared among the ethnic groups with the position of governor given to the Kurds.

Khalid Shwani was previously a member of the Iraqi parliament within the PUK faction. He is currently a member of the party’s politburo. His name was floated in talks between the PUK and KDP, the two ruling parties in the Kurdistan Region.

Shwani said on Tuesday he has not been broached on the subject, however.

An Iraqi court ordered Kirkuk’s Kurdish governor Najmaldin Karim removed from his post ahead of the September referendum because of his support for the independence vote and backing the decision to raise the Kurdistan flag in the disputed province earlier in the 2017.

Karim left the city when the Iraqi army took over in mid-October and Baghdad assigned Rakan al-Jabouri, an Arab, as interim governor.

PUK had first suggested Rizgar Ali to fill the position, but the KDP has opposed his candidacy, claiming he belongs to the group that “sold” Kirkuk to Baghdad.

The final decision rests with the PUK, Dalo explained.

PUK’s spokesperson Saad Pira said they are not in dispute with the KDP over the position.

“We will soon decide on who will become the governor,” said Pira in a statement to Rudaw on Tuesday.

Prime Minister Nechirvan Barzani, also deputy head of the KDP, confirmed the two parties have discussed the matter, “but we are yet to reach a decision. There will be more meetings on the matter,” he told reporters on Monday.

Kirkuk’s Provincial Council has failed to meet regularly since the disputed province came under Iraqi control in mid-October and many of the Kurdish parties fled the city.

The KDP did not attend a meeting of the Kurdish parties in Kirkuk on Monday. The party has said they won’t attend a meeting in the city because it is “occupied.”

The KDP has asked for the provincial council to meet at a location outside of Kirkuk.

Meanwhile, Kurdish parties have said the provincial council is essentially defunct and have accused the acting Governor Jabouri of exploiting the power void.

5 Dec 2017 Bruce...
They have completed everything they needed to be complete. When they got admitted into the World Trade Organization, when the United Nations released them from Chapter 7 and put them into Chapter 8 all these things. When the ISX opened last week sometime, all these things are signs Iraq’s sovereignty is there. I just think that the fact we don’t see their new rate right now doesn’t mean it doesn’t exist in country.
There are Iraqi citizens that can go to their QI cards and put those in on Thursday and be able to see not only the amount of money but also a new rate and be paid on their portion of the oil revenue sharing(HCL). That is part of Iraq deal. I have been told they would be able to see and have access of their portion of the oil revenue on Thursday.